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Re: Investing at end of year

Found this page helpful: http://www.bogleheads.org/wiki/Timing_o ... duce_taxes

We're in the 39.6% tax bracket this year and will likely drop to 33% or 35% next year so I think I'll wait till after distributions.

Thanks for the responses!
by mrbanana
Thu Dec 05, 2013 12:46 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing at end of year
Replies: 35
Views: 2885

Investing at end of year

I'm about to open my first taxable investment account and will be buying about $200k worth of index funds. My question is should I wait till January, or can I do it now at the end of December? Is there any advantages of waiting till 2014? I just dont' want to get hit by some weird tax thing at end o...
by mrbanana
Thu Dec 05, 2013 12:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing at end of year
Replies: 35
Views: 2885

Re: Help with asset allocation and new to taxable investing

Really great feedback, thanks! I've simplified down into fewer funds and moved more international to the taxable: RETIREMENT 50% FSTVX (Spartan Total Market) 10% FSSVX (Spartan Small Cap) 10% FPMAX (Emerging Market) 10% FSRVX (Spartan Real Estate) 20% FSITX (Spartan US Bond) TAXABLE 40% ITOT (iShare...
by mrbanana
Wed Oct 23, 2013 11:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation and new to taxable investing
Replies: 6
Views: 809

Re: Help with asset allocation and new to taxable investing

No thoughts on my picks? Really looking for any input or feedback. Thanks!
by mrbanana
Tue Oct 22, 2013 9:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation and new to taxable investing
Replies: 6
Views: 809

Help with asset allocation and new to taxable investing

I've had most of my money sitting in a lazy portfolio for the last couple years which has been fine, but my retirement savings has gone up significantly and I'm about to invest in a taxable account for the first time so have been working on a new asset allocation. Here's my info: Emergency Fund: Yes...
by mrbanana
Tue Oct 22, 2013 2:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help with asset allocation and new to taxable investing
Replies: 6
Views: 809

Re: Wait to do backdoor Roth IRA until 2014?

Great, thank you for the help JW. I'm going with what Fidelity said and opening the Solo 401k and transferring assets this year, I think that should do the trick.
by mrbanana
Tue Sep 03, 2013 8:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wait to do backdoor Roth IRA until 2014?
Replies: 14
Views: 1725

Re: Wait to do backdoor Roth IRA until 2014?

Sorry, I think I misunderstood what a TIRA is. To clarify, I currently have:

Rollover IRA from a previous employer's 401k
SEP-IRA that I contributed to in 2012 and now in 2013. Maxed out at $51k for 2013.
Roth IRA that I opened and contributed to in 2011 when my income was within allowable limits.
by mrbanana
Tue Sep 03, 2013 6:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wait to do backdoor Roth IRA until 2014?
Replies: 14
Views: 1725

Re: Wait to do backdoor Roth IRA until 2014?

Well, called Fidelity again and got a slightly different answer. They said we could open up the Solo 401k, and transfer the IRA's before 12/31/2013 but could not make contributions until 2014. In that case our TIRA balance on 12/31 would be $0. They seemed to think that was allowed, but getting two ...
by mrbanana
Tue Sep 03, 2013 1:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wait to do backdoor Roth IRA until 2014?
Replies: 14
Views: 1725

Re: Wait to do backdoor Roth IRA until 2014?

JW, looks like you may be correct. So what would I recharacterize the SEP contribution as? I'm not familiar with doing that, and not sure what my options would be.
by mrbanana
Tue Sep 03, 2013 12:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Wait to do backdoor Roth IRA until 2014?
Replies: 14
Views: 1725

Wait to do backdoor Roth IRA until 2014?

I currently have 2 deductible IRA's that I'm looking at rolling into a Solo-401k. I'm interested in doing this so that I can do a backdoor Roth without running into the pro-rata rule. The problem is that I have already contribute to one of my IRA's (SEP) for 2013 and Fidelity says that I need to wai...
by mrbanana
Tue Sep 03, 2013 10:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Wait to do backdoor Roth IRA until 2014?
Replies: 14
Views: 1725

Switch from SEP IRA to Individual 401k

I run a small business and am currently the only employee. I maxed out a SEP IRA just a couple weeks ago at $51k, however now I'm having second thoughts and think I should have done an Individual 401k for the year. The contribution limits would be the same for me, but I'm thinking of adding my wife ...
by mrbanana
Fri Aug 30, 2013 1:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Switch from SEP IRA to Individual 401k
Replies: 14
Views: 867

Re: Do I need a financial planner/advisor?

Thanks for the advice englishgirl, the one-time fee advisor might be a good solution. Agreed on the CPA, my questions are mostly tax related and she should be able to help, but when I asked some of these questions she referred me to an advisor. Might be a red-flag to start looking for someone new. G...
by mrbanana
Thu Aug 29, 2013 3:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do I need a financial planner/advisor?
Replies: 7
Views: 752

Re: Do I need a financial planner/advisor?

Gecko10x wrote:Maybe you need an accountant rather than a financial planner?

Ha, it's actually my CPA who said I may need to hire a financial advisor.
by mrbanana
Thu Aug 29, 2013 1:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do I need a financial planner/advisor?
Replies: 7
Views: 752

Do I need a financial planner/advisor?

I know the financial planner/advisor subject has come up recently in this forum, but my situation is different enough that I decided to actually sign-up and make this my first post. Here's our situation: Emergency: 6 months Debt: $314k house @ 3.625%; $7k car @ 0%; $24k car @ 1.4% Tax: Married Filin...
by mrbanana
Thu Aug 29, 2013 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do I need a financial planner/advisor?
Replies: 7
Views: 752

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